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NEPI Rockcastle buys two malls

Alex Hayes 04 June 2018

Alex Hayes

Journalist

+48 22 356 25 20
alex.hayes@eurobuildcee.com

Alexander Hayes is currently working as a journalist for Eurobuild Central & Eastern Europe magazine. Originally from the UK, he moved to Poland in 1995 and has been working in real estate for over four years. He has a BA in english literature from the University of Buckingham.

NEPI Rockcastle buys two malls
Aura Centrum has been sold for EUR 64.9 mln
POLAND/LITHUANIA NEPI Rockcastle has purchased the Aura Centrum shopping centre Olsztyn from Rockspring NPS European Alfa B.V and has also purchased the Ozas shopping centre in Vilnius from Arena Zweite Verwaltungs.

Aura Centrum has a gla of over 25,000 sqm and an annual footfall of 5.5 mln. Opened in 2005, the centre was extended in 2009 and was further modernised in 2013 and 2016. The aggregate purchase price for the centre was EUR 64.9 mln and it has a current net operating income of EUR 5.3 mln per annum.

Aura Centrum is 94.2 pct leased to tenants such as Carrefour, H&M, Helios cinema, Reserved, Cropp, House, Mohito, Sinsay, Home & You, Martes Sport, New Yorker, RTV Euro AGD and Smyk

The Ozas shopping centre has a gla of over 60,000 sqm and opened in 2009. The centre’s catchment area of 432,000 inhabitants within 30 minutes includes residential districts and the main office area of Vilnius. The aggregate purchase price for Ozas was EUR 124.6 mln and the centre has a current net operating income of EUR 8.8 mln per annum.

Its tenants include Adidas, Bershka, CCC, Deichmann, Gant, H&M, Karen Millen, Jack&Jones, Lindex, Reserved, Cropp, House, Mohito, Sinsay, Maxima, Multikino, New Yorker, Peek & Cloppenburg, Pierre Cardin, Salamander, Swarovski, Timberland, Tommy Hilfiger, Top Shop, and Zara.

The purchase of the Ozas centre represents NEPI Rockcastle’s debut on the Lithuanian market.


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